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The Endowment Diary

The Endowment Diary

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The Endowment Mis-selling Debacle - one of the UK's worst financial scandals

Wednesday, May 07, 2008

Worse Than Worthless

Worse Than Worthless

According to a recent survey by Investment, Life & Pensions Moneyfacts the vast majority of 25 year with-profits endowment policies are now are producing lower returns than they did last year and the year before that.

That's not too good!

Are the people who sold us these useless products, and the people who continue to mismanage them ,receiving lower bonuses as a result of their failure?

I doubt it!

The Motley Fool has some advice about the options available to holders of these useless products.